MTN Zambia sets aside USD46.7m for upgrades in 2013

11 Dec 2012

MTN Zambia, the country’s second largest cellco in terms of subscribers, has reportedly revealed that it expects to spend around ZMK250 billion (USD46.7 million) in 2013 on upgrading the technology it uses to offer its wireless services. According to AllAfrica, the mobile network operator’s CEO Abdul Ismail confirmed the investment figure, and having claimed that the operator had spent more than USD35 million on upgrades in 2012 so far, he said that more than USD100 million had been spent by MTN Zambia on various technology upgrades over the years. Commenting on the plans to continue network development, Mr Ismail was cited as saying: ‘We are the second largest player in the market, but we have continued to register positive growth, we will increase our investments in the country so that as a company we can grow and the sector as a whole.’

Zambia, MTN Zambia